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12:05 PM ET, February 6, 2024

Mediagazer

 Top News: 
Ashley Carman / Bloomberg:
Spotify reports Q4 revenue up 16% YoY to €3.7B, MAUs up 23% YoY to 602M, subscribers up 15% YoY to 236M, a €75M operating loss, and expects 618M MAUs in Q1 2024  —  - Spotify posts second-largest gain ever for the quarter  — Company has been cutting costs in drive to become profitable
RELATED:
Sara Fischer / Axios:
Substack is running a pilot program to help creators on the platform sell ads; a writer says Substack contracted an outside team to approach advertisers  —  Substack is experimenting with a new pilot program that helps creators on its platform find advertisers and coordinate ad buys, Axios has learned.
Washington Post:
The Atlantic cuts ties with prominent contributor Yascha Mounk after writer Celeste Marcus accused him of rape; Mounk calls the claims “categorically untrue”  —  The Atlantic magazine has cut ties with writer Yascha Mounk, one of its prominent contributors, after a woman accused him of rape …
Amy Or / Bloomberg:
Sources: Reddit had over $800M in revenue in 2023, up 20%+ YoY, and was not profitable for the full year; a source says Reddit was profitable in Q4  —  - Social site posted over $800 million revenue last year  — Reddit may reveal public IPO filing as soon as this month
Selome Hailu / Variety:
Nielsen: the 66th annual Grammys hit an average 16.9M viewers, up 34% YoY, across CBS, Paramount+, CBS.com, and the CBS app; Paramount+ streams were up 173% YoY  —  The 66th annual Grammy Awards took a fast car towards ratings success on Sunday, bringing in an average 16.9 million viewers …
Will Fischer / Nieman Lab:
Q&A with Javonte Anderson, editor of Capital B Gary, a Black-focused nonprofit news outlet, on working with locals, shaping coverage via user surveys, and more  —  “We want to meet the people where they're at, whether that's churches, neighborhood block clubs, salons, or barber shops.”
Mike Isaac / New York Times:
Meta proposes standards to identify AI content that its industry peers could use, and plans to label AI images posted on Facebook, Instagram, and Threads  —  The social network wants to promote standardized labels to help detect artificially created photo, video and audio material across its platforms.
Katie Kilkenny / Hollywood Reporter:
The Onion Union votes to ratify the tentative deal with G/O Media, setting terms on G/O Media's use of generative AI, wage increases, and more  —  The new deal contains language governing the use of AI, wage increases and improved financial terms in the event of layoffs.
Jonathan Stempel / Reuters:
A US judge finds WBD didn't overstate HBO Max streaming subscriber numbers prior to its 2022 merger and dismisses a proposed class action lawsuit from investors  —  Warner Bros Discovery (WBD.O) on Monday won the dismissal of a proposed class action led by Ohio Attorney General Dave Yost …
Todd Spangler / Variety:
YouTube says YouTube TV now has 8M+ subscribers, up from 5M+ in mid-2022, and that the YouTube Partner Program has 3M+ channels receiving ad revenue share  —  CEO Neal Mohan also says more than 3 million channels now receive ad-revenue share, touts 1 billion hours viewed on TV daily
 
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 More News: 
Alex Ritman / Variety:
Arthouse streamer Mubi acquires a majority stake in leading Benelux indie distributor Cinéart, marking the first acquisition of a distributor by Mubi
Discussion: Hollywood Reporter
Nitish Pahwa / Slate:
A look at the decline of Quora, which used to stand out as an accuracy-focused, knowledge-centric platform but is now filled with bizarre, AI-generated entries
 Earlier Picks: 
Lachlan Cartwright / The Hollywood Reporter:
Memo: CNN revamps its morning schedule, moving up News Central to 7am ET; This Morning moves to Atlanta, Phil Mattingly and Poppy Harlow will move to new roles
Daniel Thomas / Financial Times:
UK-based Reach strikes a deal with Amazon for “contextual” first-party data to target online ads, as the media industry adapts to the end of third-party cookies
Financial Times:
Microsoft strikes an AI deal with Semafor for a breaking news feed called Signals; Ben Smith says it will be written by journalists, using AI as a research tool
Max Tani / Semafor:
How Condé Nast bought and destroyed Pitchfork by absorbing its creative teams and trying to fit it into the audience-driven terms of programmatic ad sales
 

 
From Techmeme:

Forbes:
AI startup founders and VCs hope that a Trump administration will lead to lighter regulations and the return of real acquisitions, not “contorted” ones

Financial Times:
Sources: TSMC told Chinese customers it would no longer manufacture AI chips at advanced process nodes of 7nm or smaller as of this coming Monday

Ming-Chi Kuo:
Kuo: Apple plans to upgrade the high-end iPhone 18's wide-angle lens in 2026 to a variable aperture camera; Sunny Optical will be the primary shutter supplier
 
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